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more money to spend. >> some republicans were pushing to john boehner to add spending cuts but there weren't enough votes to get it passed. so they extended tax cuts for all workers for all those under $400,000 and extended unemployment benefits for some two million people. but the payroll tax expired so increase on salaries by 2% every worker up to $110,000 a year. then the stuff it didn't do. congress set up new ones, in just two months they will need to deal with the automatic spending cuts and nasty fight over the debt ceiling. last night president obama declared he is not willing to debate congress on the borrowing limit. >> we can't not pay bills that we have already incurred. >> president obama said if congress refuses to raise the debt ceiling the consequences for the global economy would be catastrophic far worse than any fiscal cliff. >>> another high profile vote could come towed. this morning president obama told house republicans they should vote now on hurricane sandy aid, quote, without delay. this has new york lawmakers chastised house republicans for decidi
obama and house speaker john boehner also could mean the reduction of the popular deduction for charitable contributions. >> if it came to the point where i wasn't receiving my credit for helping out a charity or even helping them out in their situation then why would i even help them out? >> statements like that that has the chief eck eastboundtive officer of the united way of the bay area and other nonprofits fighting to retain charitable deductions. >> it would be a big mistake to think this is only a benefit for high income people. there are many donors who itemize their taxes and they take advantage of the charitable tax deduction and they include very middle income people. >> reporter: also on the table is the possible elimination of the mortgage deduction. >> if that were to happen eventually i think that would have to be phased out over a long period of time. >> i think it encourages people to buy houses versus renting. and if they were lower the mortgage rate reduction, people will think twice. >> cpa mark britton thinks it is a good time to it refinance if you stil
Search Results 0 to 1 of about 2